Wellington Management Co, one of the world's largest asset managers, said it is looking to include digital currencies in some of its portfolios.
The news was reported by leading fund experts Matthew Lipton and Lee Saba in an interview with Bloomberg.
The fund has already begun preparatory work for the operation of new assets, the trading system has already been updated, where a derivative on bitcoin will be added. In addition, the fund is already investing in businesses that have links to digital currencies.
Wellington Management Co's research report also contains information on the securities of companies such as AMD and Nvidia. Fund representatives consider investing in these two giants, who have made a fortune in the crypto business, as a guarantee of capital growth.
Fund analysts are carefully studying all issues related to digital currencies, but direct entry into cryptocurrency is still risky for a company, representatives of the holding believe. An institutional investor like Wellington, with more than a trillion dollars in assets under its control, must consider even the smallest risks of entering a new market.
This may change in the future.
According to https://www.bloomberg.com
You May Also Like
Google will again allow cryptocurrency advertising in October
According to CNBC, Google has adopted a new policy according to which it will change its views on advertising related to cryptocurrency and will allow some types of it. Facebook made the same decision in June.
Bitmain closes Israeli R&D department
Bitmaintech Israel's Ra'anana research and development center is closing due to the general downturn in cryptocurrency markets, according to a report from financial publication Globes.
